Department profile
DSK Legal

Restructuring/Insolvency

Asia-Pacific Guide 2026 : India


DSK Legal

About

Provided by DSK Legal

Restructuring and Insolvency practice requires a strong advisory team with equally strong litigation team as the insolvency resolution process is under the aegis of the National Company Law Tribunal. DSK Legal fares significantly well in this with strong presence in both Mumbai and Delhi. The advisory team is engaged in providing strategy level advice in connection with the options available to the various stakeholders (creditors/ debtors/ shareholders/ promoters) in connection with any default situation. The team has vast experience on dealing with the rectification of the account of the corporate debtor vide contractual arrangement, restructuring of the corporate debtor (vide the formal route i.e. the court process and the informal route i.e. contractual framework), recovery and enforcement of the security for the benefit of the secured creditor, insolvency resolution process and liquidation of the corporate debtor.

The advisory and the litigation team work in close coordination to achieve the objectives of the stakeholder. The advisory team is involved in drawing up a roadmap arising out of the default situation for relevant stakeholders and the litigation team steps into the matter in connection with enforcing the strategy in court, judicial tribunal and arbitral tribunal.

Clients (25)

  • State Bank of India (SBI)
  • Bank of India (BOI)
  • IDBI Bank
  • KPMG
  • BDO Restructuring LLP
  • PWC
  • Asset Reconstruction Company of India Limited (ARCIL)
  • Phoenix ARC Private Limited
  • Edelweiss Asset Reconstruction Company Limited (EARC)
  • IL&FS Services Ltd.
  • ICICI Prudential
  • HDFC
  • Steel Strips Wheels Limited
  • Anirudh Agro Farms Limited
  • UPL Limited
  • Mr. Sundaresh Bhat, RP for JBF Petrochemicals Limited
  • Mr. Manoj Kumar Agarwal, RP for DSKDL
  • Mr. Sutanu Sinha, Liquidator for IVRCL Limited
  • MTC Business Private Limited
  • Six Sigma Investments Fund (“RA”)
  • Aditya Birla Finance Limited
  • Rajgreen Amusement Park Private Limited (“RAPPL”)
  • IL&FS Financial Services Limited (“IFIN”)
  • Assets Care & Reconstruction Enterprise Limited (“ACRE”)
  • Mr. A.S. Choudhary and Ors.

Chambers Review

Provided by Chambers

Restructuring/Insolvency - India

Band 3

Band 3


What the Team is Known For

DSK Legal has a robust restructuring law practice in India, often acting for resolution professionals and liquidators and representing clients before the NCLT. Its restructuring team also advises on the drafting of resolution plans for distressed companies. The team is well versed in initiating insolvency proceedings on behalf of public banking institutions. The firm handles mandates relating to a range of industries, with particular expertise in infrastructure, steel and energy.

Notable practitioners

Ajay Shaw is a key contact within DSK Legal's restructuring and insolvency practice.

Work Highlights

Provided by Chambers

  • DSK Legal assisted IDBI Capital Markets & Securities and Maharashtra State Power Generation Company with the drafting, preparation and submission of a resolution plan in relation to Sinnar Thermal Power.

Strengths

Provided by Chambers

  • DSK Legal has deep knowledge of the law and businesses distinguish this department.

    Restructuring/Insolvency respondentAsia-Pacific
  • The team has in-depth knowledge and is up-to-date regarding the current market and situation.

    Restructuring/Insolvency respondentAsia-Pacific

Members

Provided by DSK Legal

  • Niraj Kumar

  • Ajay Shaw

  • Ashish Pahariya

  • Samir Malik

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